- Docente: Massimiliano Marzo
- Crediti formativi: 6
- SSD: SECS-P/01
- Lingua di insegnamento: Inglese
- Modalità didattica: Convenzionale - Lezioni in presenza
- Campus: Forli
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Corso:
Laurea Magistrale in
Business Administration and Sustainability (cod. 5944)
Valido anche per Laurea Magistrale in Business Administration and Sustainability (cod. 5944)
Laurea Magistrale in Economia e management (cod. 9203)
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dal 17/09/2024 al 18/10/2024
Conoscenze e abilità da conseguire
The goal of the course consists in providing students with all the knowledge to interpret the dynamics of exchange rates as well as the constraints imposed by international financial markets on domestic monetary and fiscal policies. After taking this course each student will be able to: - interpret the dynamcs of capital flows in modern economies; - study global imbalances caused by Balance of Payments fluctuations; - interpret major global economic shock and figuring out the best policy mix needed to cope with it.
Contenuti
- Introduction to the course. Exchange Rate: spot, real, cross rates.Forward and futures.The exchange rate market.
- Arbitrage conditions.Exchange rate risk.Exchange-Rate regimes. The central bank’s balance sheet in open economy.
- Balance of payments. The ‘J’ effect and the pass through effect. The absorption approach to Balance of Payments.
- Economic Policy in Open Economy: the Mundell Fleming model with perfect and imperfect capital mobility. Optimal Currency Areas.
- The monetary approach to balance of payments.
- Purchasing Power Parity.
- Overshooting of Exchange-Rate.
- The portfolio balance approach to exchange-rate determination.
- Balance of Payment Crisis
- Target Zones
Testi/Bibliografia
Pilbeam K., “International Finance”, fourth edition, 2014, Palgrave McMillan
Additional readings will be uploaded on Virtuale
Metodi didattici
The course is offered on a traditional in-class lecture: there will be 10 class meetings, each of them is 3 hours-long, for a total of 30 hours.
Modalità di verifica e valutazione dell'apprendimento
Written exam in presence. Oral exam is an option only for those who really want to show their knowledge. The starting grade is the written exam's grade: according the the performance showed in the oral session, it is possibile to improve or worsen from the written exam's grade.
Strumenti a supporto della didattica
Slides, overheads and additional set of notes (copyrighted) will be distributed via Virtuale.
Orario di ricevimento
Consulta il sito web di Massimiliano Marzo